BABA(US:BABA) Xi Niu Cai Jing·2025-07-28 08:51Core Points - A significant bribery case involving executives from a Shanghai internet company has been reported, with a total of 7 suspects arrested and over 40 million yuan involved [1][3] - The case centers around Han Liu, a former logistics supervisor at Ele.me, who was implicated in accepting bribes from suppliers in exchange for logistics business qualifications [3][4] - The investigation revealed that Han and two accomplices received bribes over 30 times within two years, totaling over 40 million yuan, by leveraging their authority in logistics and supplier management [3][4] Company Summary - Han Liu, the implicated executive, previously held senior positions at Ele.me, including Senior Vice President and President of Instant Delivery, and was set to become CEO in March 2024 [4] - The company conducted an internal investigation and reported the findings to law enforcement, indicating a proactive approach to compliance and governance [4] Industry Summary - The case highlights ongoing issues of corruption within the logistics and internet sectors in China, raising concerns about governance and ethical practices among major players [3][4] - The involvement of multiple suppliers in the bribery scheme suggests systemic issues within the supplier management processes in the logistics industry [3]